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AudJpy: Can we see 77.00?


Daily Time Frame:

 

AudJpy: Current price 74.940. if we maintain above 74.500-75.000 we can potentially see 77.000 if price breaks below 74.500 we can potentially see 72.500 key psychological (play the zones). We closed off a a bearish engulfing 2 days ago, would like to see more confirmation for a true directional bias!


Higher time frame:

-Monthly morning star formation

-Weekly moving averages crossed


(Risk mangement is key, trade safe!)

 

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